Space industry

Manastu funding filings detail ₹22 crore in ongoing round

Inc42’s regulatory-filing report identifies private investors and an apparent Series A extension; it does not establish a final round size.

31 October 2026 at 9:53 am ISTBy Industry Desk1 min read

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AI illustration: A generic satellite and paper sheets represent financing for propulsion research; no Manastu hardware, funding document or flight is depicted.

Manastu Space’s regulatory filings detail ₹22 crore from Gandhi Securities and Investments, the Thacker Legacy Trusts and angel investors, Inc42 reported on 30 October. It described the funding as an apparent extension of the satellite-propulsion developer’s Series A round.

The reported uses include research and development, expansion and marketing. A further ₹9.2 crore from Capital A remained unconfirmed, and Manastu had not answered Inc42’s questions before publication.

This private round is separate from the ₹116 crore Technology Development Board support agreement announced on 26 October. That government commitment is optionally convertible debt for Navi Mumbai-based Manastu’s propulsion development; the official announcement specifies no disbursement date.

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